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The Foundation Stone of permanent campus of the institute at Paschim Boragaon was formally laid by the Hon'ble Chief Minister of Assam, Shri Tarun Gogoi on April 25th, 2007. Amongst a host of prominent dignitaries and officials were Shri Hemanta Bishwa Sharma, Hon'ble Minister of Health, Science and Technology, Shri Pradyut Bordoloi, Hon'ble Minister Commerce, Industries and Power, Shri P.C. Sharma, IAS, Chief Secretary to the Government of Assam and Shri P.P. Verma, Additional Chief Secretary to the Government of Assam.
Land measuring more than 16 bighas at Paschim Boragaon has been allotted by the Government of Assam to Assam Institute of Management to build the institute's permanent campus.

The Government of Assam has already declared in 2006 that Assam Institute of Management will be upgraded into a National Level Management Institute.

 
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